Tal Gurion joined Mariner Investment Group as a portfolio manager to run an event-driven credit strategy within the firm’s hedge fund incubation program, said David Press, a Mariner spokesman.
Mr. Gurion’s investment approach uses a “fundamental value-oriented and research-intensive” process to identify price dislocations in the credit securities of distressed companies, Mariner said in a news release.
“Tal has distinguished himself by his ability to … generate value-added returns for large credit portfolios and brings a proven European investment record,” said Bracebridge Young, CEO of Mariner, in the news release.
Mr. Gurion’s team is the sixth to be added to the firm’s hedge fund incubation platform, which counts among its investors the $51.6 billion Alaska Permanent Fund Corp., Juneau.
Mariner and its affiliates managed a total of $11.3 billion as of Aug. 31.
Mr. Gurion was a credit portfolio manager at Allen Global Partners, which managed $964 million as of Dec. 31, according to its SEC ADV.
Herbert Allen, president of Allen Global, did not return a call seeking information about Mr. Gurion’s replacement.